COMPANIES IN NEWS

Reliance’s 15-year-plan to build into new energy company

Billionaire Mukesh Ambani’s Reliance Industries Ltd has a 15-year vision to build itself as a new energy company that aims to recycle CO2, create value from plastic waste and has an optimal mix of clean and affordable energy, analysts said.

While the oil-to-chemical conglomerate has in recent times seen focus on consumer business, RIL’s core oil-to-chemical (O2C) business is well placed to generate sustained free cash flow, BofA Securities said in a report.

“Until demand normalises, RIL is looking to maximise throughput, focus on cost by leveraging deep petrochemical integration and continue to focus on domestic fuel marketing,” it said.

Future of O2C is new energy company and partnerships.

Source
India TV News
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